Atwood Oceanics Inc - Current report filing (8-K)
February 07 2008 - 4:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
____________
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT
REPORTED:
FEBRUARY 7,
2008
ATWOOD OCEANICS,
INC
.
(Exact name of registrant as specified
in its charter)
COMMISSION FILE NUMBER
1-13167
TEXAS
(State or other jurisdiction of incorporation or organization)
Internal Revenue Service –
Employer Identification No. 74-1611874
15835 Park Ten Place Drive, Houston, Texas, 77084
(281) 749-7800
____________
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
2.02 RESULTS OF OPERATIONS AND FINANCIAL
CONDITION
On February 7, 2008, the Company announced its
earnings for the Fiscal Year 2008 First Quarter ended December 31, 2007. A copy of the
press release summarizing these earnings is filed with this Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.
Additional information with respect to the
Company’s
c
onsolidated
s
tatements of
o
perations for the three months ended
December 31, 2007 and 2006
and
an analysis of
r
evenues and
contract
d
rilling
c
osts for the three months ended
December 31, 2007 and condensed consolidated
balance sheets at December 31, 2007 and 2006
are attached hereto as Exhibits 99.2, 99.3 and
99.4, respectively, which are being furnished; however, should not be deemed to be
filed
under Section 18 of the Exchange
Act.
ITEM 7.01 REGULATION FD
DISCLOSURE
Additional information with respect to the
Company’s Fleet Status Report at February 7, 2008 is attached hereto as Exhibit 99.5.
Such information is being furnished under Regulation FD and should not be deemed to be
filed under Section 18 of the Exchange Act.
The
RICHMOND
life enhancing upgrade is currently expected
to be complete in late February 2008. In January 2008, the
ATWOOD HUNTER
incurred twenty (20) days of planned zero rate
days for its equipment upgrades and is currently being mobilized to Mauritania. The
ATWOOD SOUTHERN CROSS
incurred one planned zero rate day in January
2008 and could incur another four (4) to ten (10) days in the second quarter of fiscal year
2008. In addition to these planned downtime days, thus far in the second quarter of fiscal
year 2008, we have incurred five (5) unplanned zero rate days on the
ATWOOD EAGLE
and one (1) unplanned zero rate day on
the
ATWOOD FALCON.
Statements contained in this report with respect to the future are forward-looking
statements. These statements reflect management's reasonable judgment with respect to
future events. Forward-looking statements involve risks and uncertainties. Actual results
could differ materially from those anticipated as a result of various factors including;
the Company's dependence on the oil and gas industry; the risks involved the construction
of a rig; competition; operating risks; risks involved in foreign operations; risks
associated with possible disruption in operations due to terrorism; risks associated with a
possible disruption in operations due to a war with Iraq; and governmental regulations and
environmental matters. A list of additional risk factors can be found in the Company's
annual report on Form 10-K for the year ended September 30, 2007, filed with the Securities
and Exchange Commission.
ITEM
9.01 EXHIBITS
EXHIBIT 99.1 PRESS RELEASE DATED FEBRUARY 7, 2008
EXHIBIT 99.2 CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS
ENDED DECEMBER 31, 2007 AND 2006
EXHIBIT 99.3 ANALYSIS OF
REVENUES AND CONTRACT DRILLING COSTS FOR
THE THREE MONTHS ENDED DECEMBER 31, 2007
EXHIBIT 99.4
CONDENSED
CONSOLIDATED BALANCE SHEETS AT
DECEMBER
31
, 2007 AND
SEPTEMBER 30, 2007
EXHIBIT
99.
5
FLEET STATUS REPORT AT
FEBRUARY 7, 2008
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
ATWOOD
OCEANICS, INC.
(Registrant)
/s/
James M. Holland
James M. Holland
Senior Vice President
DATE:
February 7, 2008
EXHIBIT INDEX
EXHIBIT
NO.
DESCRIPTION
|
99.1
|
Press Release
dated
February 7, 2008
|
99.2 Consolidated
Statements of Operations for the Three Months ended December 31, 2007 and 2006
99.3 Analysis
of Revenues and Drilling Costs for the Three Months ended December 31, 2007
99.4 Condensed
Consolidated Balance Sheets at December 31, 2007 and September 30, 2007
99.5 Fleet
Status Report at February 7, 2008
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